We’re really excited to bring this industry standard codec to the player, and it will also be coming to AIR. H.264 has a strong ecosystem and will give you more choice in terms of tools, content sources, and deployment options. The new codec also enjoys the other features introduced in Flash Player 9 update 3 – multi-core support for rendering and hardware accelerated full screen mode.

Until then, check out Tinic’s blog for some details of this new feature.